Public Goods Are

Multiple Choice

Public goods are

A) underprovided by the private market because the marginal cost of production is too high.
B) overprovided by the private market because the marginal benefits of consumption are too high.
C) underprovided by the private market because people's willingness to pay for the good is less than the marginal social benefit of the good.
D) underprovided by the private market because the marginal benefits of consumption are too low.